Need advice please:
Just received Authorization to Release… and signed P+S
1st mortgage Countrywide: loan balance $172,000 final judgement $192,000
2nd mortgage $20,000
Total owed: $212,000
Value of home $220,000-$240,000
2005 SFR does NOT need any work
w/ the market of 30,000+ active homes in the county, I would need to be around $190,000 to move it.
Possible Deal or Move on
What would you offer 1st?
(loan balance: $172 , Final judgement $192K, Value of home around $230K
When negotiating w/ 2nd what do I send them besides authorization? Do I send them a P+S w/ what I am offering the 1st? I AM CONFUSED
ANY ADVICE IS GREATLY APPRECIATED